(HTGC) Hercules Capital - Ratings and Ratios
Venture Debt, Growth Capital, Asset-Based Lending
HTGC EPS (Earnings per Share)
HTGC Revenue
Description: HTGC Hercules Capital
Hercules Capital, Inc. (NYSE:HTGC) is a business development company that provides financing solutions to privately held and publicly listed companies, focusing on venture capital-backed businesses at various stages of development. The firm offers a range of financial products, including venture debt, growth capital, and asset-based financing, to support companies in different industries, such as technology, SaaS, and energy technology.
Key aspects of Hercules Capitals business model include providing customized financing solutions, investing in structured debt with warrants, and targeting companies with established operations. The firms investment strategy is geared towards supporting companies with growth potential, and its portfolio includes a mix of debt and equity investments. Notable KPIs to evaluate Hercules Capitals performance include its net investment income, dividend yield, and return on assets (ROA). As a business development company, Hercules Capital is required to distribute at least 90% of its taxable income to shareholders, making its dividend yield an important metric. Additionally, the firms ability to manage its investment portfolio and maintain a healthy ROA is crucial to its long-term success.
To further analyze Hercules Capitals performance, other relevant KPIs include its debt-to-equity ratio, interest coverage ratio, and the percentage of non-accrual loans in its portfolio. A high debt-to-equity ratio may indicate a higher risk profile, while a strong interest coverage ratio suggests the firms ability to service its debt. The percentage of non-accrual loans is also an important metric, as it indicates the quality of the firms investment portfolio. By examining these KPIs, investors can gain a more comprehensive understanding of Hercules Capitals financial health and investment performance.
HTGC Stock Overview
| Market Cap in USD | 3,517m |
| Sector | Financial Services |
| Industry | Asset Management |
| GiC Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2005-06-09 |
HTGC Stock Ratings
| Growth Rating | 70.4 |
| Fundamental | 35.6% |
| Dividend Rating | 74.4 |
| Rel. Strength | -8.58 |
| Analysts | 4.00 of 5 |
| Fair Price Momentum | 22.08 USD |
| Fair Price DCF | - |
HTGC Dividends
| Dividend Yield 12m | 8.45% |
| Yield on Cost 5y | 22.41% |
| Annual Growth 5y | 3.00% |
| Payout Consistency | 90.8% |
| Payout Ratio | 85.6% |
HTGC Growth Ratios
| Growth Correlation 3m | 94.1% |
| Growth Correlation 12m | 7.5% |
| Growth Correlation 5y | 86.4% |
| CAGR 5y | 22.74% |
| CAGR/Max DD 5y | 0.64 |
| Sharpe Ratio 12m | 0.73 |
| Alpha | -5.17 |
| Beta | 0.919 |
| Volatility | 19.17% |
| Current Volume | 1280.4k |
| Average Volume 20d | 1101.8k |
| Stop Loss | 18.6 (-3.3%) |
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-3.59m TTM) > 0 and > 6% of Revenue (6% = 23.1m TTM) |
| FCFTA -0.03 (>2.0%) and ΔFCFTA -7.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 18.21% (prev 9.16%; Δ 9.06pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.15 (>3.0%) and CFO -633.6m <= Net Income -3.59m (YES >=105%, WARN >=100%) |
| Net Debt (-35.3m) to EBITDA (145.5m) ratio: -0.24 <= 3.0 (WARN <= 3.5) |
| Current Ratio 5.15 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (190.8m) change vs 12m ago 18.27% (target <= -2.0% for YES) |
| Gross Margin 79.28% (prev 89.76%; Δ -10.48pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.68% (prev 11.98%; Δ -2.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.76 (EBITDA TTM 145.5m / Interest Expense TTM 83.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.51
| (A) 0.02 = (Total Current Assets 87.0m - Total Current Liabilities 16.9m) / Total Assets 4.28b |
| (B) 0.01 = Retained Earnings (Balance) 53.7m / Total Assets 4.28b |
| (C) 0.04 = EBIT TTM 145.7m / Avg Total Assets 3.98b |
| (D) 0.11 = Book Value of Equity 235.6m / Total Liabilities 2.13b |
| Total Rating: 0.51 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 35.57
| 1. Piotroski 1.0pt = -4.0 |
| 2. FCF Yield -2.11% = -1.05 |
| 3. FCF Margin -30.67% = -7.50 |
| 4. Debt/Equity 0.99 = 2.03 |
| 5. Debt/Ebitda 14.67 = -2.50 |
| 6. ROIC - WACC -3.21% = -4.01 |
| 7. RoE -0.18% = -0.03 |
| 8. Rev. Trend 10.54% = 0.53 |
| 9. Rev. CAGR 16.71% = 2.09 |
| 10. EPS Trend data missing |
| 11. EPS CAGR 0.17% = 0.02 |
As of August 13, 2025, the stock is trading at USD 19.24 with a total of 1,280,423 shares traded.
Over the past week, the price has changed by +1.16%, over one month by +4.05%, over three months by +13.19% and over the past year by +15.41%.
No, based on ValueRay´s Fundamental Analyses, Hercules Capital (NYSE:HTGC) is currently (August 2025) a stock to sell. It has a ValueRay Fundamental Rating of 35.57 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HTGC is around 22.08 USD . This means that HTGC is currently undervalued and has a potential upside of +14.76% (Margin of Safety).
Hercules Capital has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HTGC.
- Strong Buy: 3
- Buy: 3
- Hold: 3
- Sell: 0
- Strong Sell: 0
According to our own proprietary Forecast Model, HTGC Hercules Capital will be worth about 24.1 in August 2026. The stock is currently trading at 19.24. This means that the stock has a potential upside of +25.16%.
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 21.2 | 10.3% |
| Analysts Target Price | 20.1 | 4.5% |
| ValueRay Target Price | 24.1 | 25.2% |
HTGC Fundamental Data Overview
CCE Cash And Equivalents = 52.1m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 12.5714
P/E Forward = 10.2881
P/S = 6.9786
P/B = 1.6174
P/EG = 0.5218
Beta = 0.854
Revenue TTM = 385.0m USD
EBIT TTM = 145.7m USD
EBITDA TTM = 145.5m USD
Long Term Debt = 2.12b USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 16.9m USD (from shortTermDebt, last quarter)
Debt = 2.13b USD (Calculated: Short Term 16.9m + Long Term 2.12b)
Net Debt = -35.3m USD (from netDebt column, last quarter)
Enterprise Value = 5.60b USD (3.52b + Debt 2.13b - CCE 52.1m)
Interest Coverage Ratio = 1.76 (Ebit TTM 145.7m / Interest Expense TTM 83.0m)
FCF Yield = -2.11% (FCF TTM -118.1m / Enterprise Value 5.60b)
FCF Margin = -30.67% (FCF TTM -118.1m / Revenue TTM 385.0m)
Net Margin = -0.93% (Net Income TTM -3.59m / Revenue TTM 385.0m)
Gross Margin = 79.28% ((Revenue TTM 385.0m - Cost of Revenue TTM 79.8m) / Revenue TTM)
Tobins Q-Ratio = 23.76 (Enterprise Value 5.60b / Book Value Of Equity 235.6m)
Interest Expense / Debt = 1.07% (Interest Expense 22.9m / Debt 2.13b)
Taxrate = 21.0% (US default)
NOPAT = 115.1m (EBIT 145.7m * (1 - 21.00%))
Current Ratio = 5.15 (Total Current Assets 87.0m / Total Current Liabilities 16.9m)
Debt / Equity = 0.99 (Debt 2.13b / last Quarter total Stockholder Equity 2.15b)
Debt / EBITDA = 14.67 (Net Debt -35.3m / EBITDA 145.5m)
Debt / FCF = -18.07 (Debt 2.13b / FCF TTM -118.1m)
Total Stockholder Equity = 2.00b (last 4 quarters mean)
RoA = -0.08% (Net Income -3.59m, Total Assets 4.28b )
RoE = -0.18% (Net Income TTM -3.59m / Total Stockholder Equity 2.00b)
RoCE = 3.54% (Ebit 145.7m / (Equity 2.00b + L.T.Debt 2.12b))
RoIC = 2.96% (NOPAT 115.1m / Invested Capital 3.89b)
WACC = 6.17% (E(3.52b)/V(5.65b) * Re(9.40%)) + (D(2.13b)/V(5.65b) * Rd(1.07%) * (1-Tc(0.21)))
Shares Correlation 5-Years: 100.0 | Cagr: 10.32%
Discount Rate = 9.40% (= CAPM, Blume Beta Adj.)
[93m Fair Price DCF = unknown (Cash Flow -118.1m)
[39m Revenue Correlation: 10.54 | Revenue CAGR: 16.71%
Revenue Growth Correlation: -16.25%
EPS Correlation: N/A | EPS CAGR: 0.17%
EPS Growth Correlation: -7.81%
Additional Sources for HTGC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle